RedSeal

also referred to as: red seal

40 statements across 3 episodes · 10 bullish · 4 bearish · 1 people on the record · first statement Feb 6, 2018 by Ray Rothrock · said 88 times in 3 episodes since 2018 · across every show →

Mentions by year

brought up most by Nathan Latka (73), Ray Rothrock (15)

tap a year for its mentions
00401802201820192020episodesmentions
012201820192020episodes it came up in
00201402201820192020episodesmentions per episode

every mention, scene by scene, with the transcript →

Everything said about RedSeal, oldest first

Feb 6, 2018
Assertion Not checkable as stated
Rothrock: Red Seal serves 240 clients, including all DoD and intel agencies
“About 240. Mostly all global 2000 and federal. We have every intel agency, all of the DOD, their services, and many of the civilian agencies are our customers.”
Ray Rothrock Feb 6, 2018 ▶ 3:58 927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line
Feb 6, 2018 neutral
Disclosure
Red Seal has raised $75 million total, mostly before Rothrock became CEO
“All in seventy-five million dollars. Most of that was raised before I became CEO.”
Ray Rothrock Feb 6, 2018 ▶ 6:48 927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line
Feb 6, 2018 positive
Disclosure
Rothrock: RedSeal spent $2.5M–$3M acquiring $31M DISA contract
“So that customer is DISA and it is a five year deal. So 31,000,005 years. We probably spent two and a half, three million dollars to get that deal over two, three years.”
Ray Rothrock Feb 6, 2018 ▶ 12:33 927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line
Feb 6, 2018 neutral
Disclosure
Rothrock: RedSeal profits primarily on expansions rather than $200K initial deals
“Most of our deals the 200,000 dollar average deal, we make a little money there. It's the renewal or really the expansion where we make our money.”
Ray Rothrock Feb 6, 2018 ▶ 12:55 927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line
Feb 6, 2018 positive
Assertion Not checkable as stated
Rothrock: RedSeal Achieves ~90% Annual Revenue Renewal Rate
“We're getting renewals of about 90%. So churn's 10%. It's pretty good. Revenue, revenue.”
Ray Rothrock Feb 6, 2018 ▶ 10:38 927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line
Feb 6, 2018 positive
Assertion Not checkable as stated
Rothrock: Red Seal achieved a 50% net margin in Q3
“I brought in twice in business in Q three that I spent on expenses two times. So if I made, yeah, if I made two dollars, I only had a dollar of expense and that's the bottom line, not the gross margin, but the net margin of the company.”
Ray Rothrock Feb 6, 2018 ▶ 7:57 927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line
Feb 6, 2018 bullish
Prediction Not checkable as stated
Rothrock: RedSeal will reach $40 million in revenue in 2018
“We're we'll do forty million this year. It's still kind of lumpy because some of our deals are quite large. Most of our deals are average as you point out, but we'll do forty million this year.”
Ray Rothrock Feb 6, 2018 ▶ 6:24 927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line
Feb 6, 2018
Assertion Not checkable as stated
Rothrock: Red Seal expanded one customer deal to $11M in year four
“We had one go to eleven million dollars in the fourth year.”
Ray Rothrock Feb 6, 2018 ▶ 3:48 927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line
Feb 6, 2018
Insight
Rothrock: Deep network integration creates the greatest friction in cyber software deployment
“The biggest friction to deployment is how embedded is the technology. There's a lot of soft, there's a lot of cyber software that just sits in front of things. That's easy to install very quick. You download it, put it on a device and off you go.”
Ray Rothrock Feb 6, 2018 ▶ 14:45 927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line
Feb 6, 2018 neutral
Disclosure
Rothrock: RedSeal is willing to spend first-year ACV on customer acquisition
“Probably on average, I'm willing to spend it when the first years yeah, I'll say yes.”
Ray Rothrock Feb 6, 2018 ▶ 13:52 927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line
Apr 7, 2020 bearish
Prediction Not checkable as stated
RedSeal expected Q2 2020 revenue to drop 20% to 25%
“We expect Q two to be down 20, 25%.”
Ray Rothrock Apr 7, 2020 ▶ 4:14 1718 CyberSecurity CEO: US Election Interference Happening Right Now, Virus Plans and more from RedSeal
Apr 7, 2020 negative
Insight
Startups facing layoffs should cut engineering before sales, says Rothrock
“Well, I mean, there's only two things to do in a startup company. You make product or sell product. And to reduce either of those seems to me a little foolhardy. If you have to, I would actually reduce the engineering because you really do need that top line f…”
Ray Rothrock Apr 7, 2020 ▶ 11:01 1718 CyberSecurity CEO: US Election Interference Happening Right Now, Virus Plans and more from RedSeal
Apr 7, 2020 positive
Assertion Not checkable as stated
RedSeal did not take additional private equity capital during early COVID
“They've not put another dollar in, not necessary, and we're going to get through it on our own.”
Ray Rothrock Apr 7, 2020 ▶ 4:52 1718 CyberSecurity CEO: US Election Interference Happening Right Now, Virus Plans and more from RedSeal
Apr 7, 2020
Disclosure
RedSeal continues pricing its cybersecurity software based on router unit counts
“It's still by the unit.”
Ray Rothrock Apr 7, 2020 ▶ 13:09 1718 CyberSecurity CEO: US Election Interference Happening Right Now, Virus Plans and more from RedSeal
Apr 7, 2020
Assertion Not checkable as stated
RedSeal's enterprise and government clients are experiencing foreign cyber interference
“I actually have customers that are dealing with some of this international interference and we're seeing it in their, they're seeing it in their networks commercial and government.”
Ray Rothrock Apr 7, 2020 ▶ 15:46 1718 CyberSecurity CEO: US Election Interference Happening Right Now, Virus Plans and more from RedSeal
Apr 7, 2020
Assertion Supported
Foreign attackers are deploying observation malware and routing backdoors
“What they're doing, they are putting in observers malware that sits and observes primarily being able to alter routing, for example just like what Sony did, you know, at the Sony situation, they put in malware that was, had a back door that was shipping every …”
Ray Rothrock Apr 7, 2020 ▶ 16:35 1718 CyberSecurity CEO: US Election Interference Happening Right Now, Virus Plans and more from RedSeal
Apr 7, 2020 neutral
Assertion Not checkable as stated
RedSeal operates with about 200 total staff including 50 offshore workers
“A 150 on my payroll here in the United States, Canada, and Japan, and UK. But we have about 50 people also offshore in various organizations in India and Vietnam. So about 200 all in.”
Ray Rothrock Apr 7, 2020 ▶ 7:19 1718 CyberSecurity CEO: US Election Interference Happening Right Now, Virus Plans and more from RedSeal
Apr 7, 2020
Disclosure
RedSeal chose company-wide pay cuts over furloughs to preserve jobs
“Well, no furlough, just reduction in pay. Part of my strategy was to keep everybody employed, Keep everybody working on the problems to keep supporting our customer base.”
Ray Rothrock Apr 7, 2020 ▶ 5:30 1718 CyberSecurity CEO: US Election Interference Happening Right Now, Virus Plans and more from RedSeal
Apr 7, 2020 neutral
Assertion Not checkable as stated
RedSeal implemented uniform, across-the-board pay cuts with zero executive exemptions
“No, everybody took the same. My goal was that we're gonna, we're all gonna sacrifice a little bit in order to survive. There are no special dispensations.”
Ray Rothrock Apr 7, 2020 ▶ 8:06 1718 CyberSecurity CEO: US Election Interference Happening Right Now, Virus Plans and more from RedSeal
Apr 7, 2020 neutral
Disclosure
RedSeal extended its zero-revenue runway to two quarters during COVID-19
“We've given ourselves two quarters. You know well, without, without revenue, yeah, it's about two quarters.”
Ray Rothrock Apr 7, 2020 ▶ 5:09 1718 CyberSecurity CEO: US Election Interference Happening Right Now, Virus Plans and more from RedSeal
Apr 7, 2020 neutral
Prediction Not checkable as stated
Rothrock: RedSeal expects flat revenue growth in 2020
“No, we're, we think it'll be flat.”
Ray Rothrock Apr 7, 2020 ▶ 13:29 1718 CyberSecurity CEO: US Election Interference Happening Right Now, Virus Plans and more from RedSeal
Apr 7, 2020 positive
Assertion Not checkable as stated
RedSeal is deployed across all US intel agencies and military branches
“We're in all the intel agencies, all the military, and most of the civilian side of the government.”
Ray Rothrock Apr 7, 2020 ▶ 3:15 1718 CyberSecurity CEO: US Election Interference Happening Right Now, Virus Plans and more from RedSeal
Apr 7, 2020 neutral
Assertion Not checkable as stated
US government accounts for roughly 100 of RedSeal's 250 enterprise customers
“A large part of our base is U.S. Government. They represented about a hundred in those two 50.”
Ray Rothrock Apr 7, 2020 ▶ 3:11 1718 CyberSecurity CEO: US Election Interference Happening Right Now, Virus Plans and more from RedSeal
Apr 7, 2020
Assertion Not checkable as stated
RedSeal maintains enterprise ACVs around $200,000 to $300,000
“No, yeah, actually it's, that's all running about the same.”
Ray Rothrock Apr 7, 2020 ▶ 12:00 1718 CyberSecurity CEO: US Election Interference Happening Right Now, Virus Plans and more from RedSeal
Dec 5, 2020
Assertion Supported
Rothrock: RedSeal raised $75 million prior to its Symphony transaction
“Total at that time was about seventy five million.”
Ray Rothrock Dec 5, 2020 ▶ 12:12 RedSeal Sold 50%+ For $60m This Year doing $50m in Revenues in CyberSecurity Space
Dec 5, 2020 neutral
Disclosure
Rothrock: RedSeal employs 60 engineers and 30 quota-carrying sales reps
“About 60 engineers, 20 support engineering. Then there's about 80 people in the field. Of the people in the field, there are, I don't know, 30 quote acquiring people, but we all go as a team.”
Ray Rothrock Dec 5, 2020 ▶ 8:38 RedSeal Sold 50%+ For $60m This Year doing $50m in Revenues in CyberSecurity Space
Dec 5, 2020 negative
Insight
Rothrock: RedSeal faces churn playing catch-up with vendor updates
“Literally, so sometimes configuration information for all the routing equipment, those routing equipment guys, Cisco, Palo Alto, Checkpoint, Fortinet, Juniper, all of them, they change their stuff all the time. And occasionally we get So they upgrade our softw…”
Ray Rothrock Dec 5, 2020 ▶ 11:37 RedSeal Sold 50%+ For $60m This Year doing $50m in Revenues in CyberSecurity Space
Dec 5, 2020 bullish
Assertion Not checkable as stated
Rothrock: RedSeal has surpassed $50 million in annual revenue
“And now we've grown to about, well, we're over fifty million now.”
Ray Rothrock Dec 5, 2020 ▶ 7:22 RedSeal Sold 50%+ For $60m This Year doing $50m in Revenues in CyberSecurity Space
Dec 5, 2020
Assertion Supported
Rothrock: Symphony Technology Group acquired over 50% of RedSeal
“It's the, they bought more than 50%, yeah.”
Ray Rothrock Dec 5, 2020 ▶ 12:25 RedSeal Sold 50%+ For $60m This Year doing $50m in Revenues in CyberSecurity Space
Dec 5, 2020 neutral
Disclosure
Rothrock denies being in acquisition talks with CrowdStrike
“No, none. I'm building a company, building a business.”
Ray Rothrock Dec 5, 2020 ▶ 17:54 RedSeal Sold 50%+ For $60m This Year doing $50m in Revenues in CyberSecurity Space
Dec 5, 2020 bullish
Prediction Didn’t hold up
Rothrock: RedSeal expects to reach $100 million ARR within three years
“That's our goal would be, you know, in that zone, a hundred million. We think we can do that in the next two to three years.”
Ray Rothrock Dec 5, 2020 ▶ 17:34 RedSeal Sold 50%+ For $60m This Year doing $50m in Revenues in CyberSecurity Space
Dec 5, 2020 neutral
Assertion Not checkable as stated
Rothrock: RedSeal generated $39 million in ARR last year
“39.”
Ray Rothrock Dec 5, 2020 ▶ 7:31 RedSeal Sold 50%+ For $60m This Year doing $50m in Revenues in CyberSecurity Space
Dec 5, 2020 neutral
Assertion Not checkable as stated
Rothrock: RedSeal serves about 250 distinct enterprise customers
“And of course some customers have installations in different disparate places because they're located different places, but that all ends about 250 distinct customer names.”
Ray Rothrock Dec 5, 2020 ▶ 5:00 RedSeal Sold 50%+ For $60m This Year doing $50m in Revenues in CyberSecurity Space
Dec 5, 2020 negative
Disclosure
Rothrock: RedSeal accepted majority takeover amid cash stress and employee attrition
“The stresses had to do with cash, cash flow we actually grew cash over the last year, but not without a lot of stress on the team. I'd had some attrition that I didn't like cause I couldn't afford things as much as I wanted to. And honestly growth rate was sa…”
Ray Rothrock Dec 5, 2020 ▶ 13:24 RedSeal Sold 50%+ For $60m This Year doing $50m in Revenues in CyberSecurity Space
Dec 5, 2020
Disclosure
Rothrock: RedSeal's typical entry contract generates $200,000 to $300,000
“Most people start small and expand over time. So a typical entry point would be 500 routers. And so that'll, you know, that'll generate, I don't know three, two or 300,000 dollars, and then as it expands, it gets bigger, and that's the way it works.”
Ray Rothrock Dec 5, 2020 ▶ 3:16 RedSeal Sold 50%+ For $60m This Year doing $50m in Revenues in CyberSecurity Space
Dec 5, 2020 neutral
Assertion Not checkable as stated
Rothrock: RedSeal monitors approximately 1.2 to 1.3 million network devices
“The last time I looked, it was about a 1,000,002 1,000,003.”
Ray Rothrock Dec 5, 2020 ▶ 4:41 RedSeal Sold 50%+ For $60m This Year doing $50m in Revenues in CyberSecurity Space
Dec 5, 2020 positive
Assertion Not checkable as stated
Rothrock: RedSeal customer cohorts expand 20% to 30% annually
“Well, some of them doubled. Some of them, on average, probably, I'd say, 20 or 30%.”
Ray Rothrock Dec 5, 2020 ▶ 10:11 RedSeal Sold 50%+ For $60m This Year doing $50m in Revenues in CyberSecurity Space
Dec 5, 2020 neutral
Assertion Not checkable as stated
Rothrock: Bleeding-edge tech companies typically do not use RedSeal
“Interestingly, we're not people who have cutting edge capabilities and really are on the hairy bleeding edge of things. They don't typically use this.”
Ray Rothrock Dec 5, 2020 ▶ 5:34 RedSeal Sold 50%+ For $60m This Year doing $50m in Revenues in CyberSecurity Space
Dec 5, 2020 neutral
Assertion Not checkable as stated
Rothrock: RedSeal reached $17M-$18M in revenue around 2012-2013
“We got up to about 17, eighteen million dollars in 2012, 2013, and things kind of leveled out.”
Ray Rothrock Dec 5, 2020 ▶ 6:40 RedSeal Sold 50%+ For $60m This Year doing $50m in Revenues in CyberSecurity Space
Dec 5, 2020 bullish
Prediction Not checkable as stated
Rothrock: RedSeal will achieve full-year profitability
“It depends on the quarter. We will be profitable this year. Last quarter, we're a little under this quarter. We'll be way up. And then Q four will be about a break even.”
Ray Rothrock Dec 5, 2020 ▶ 14:32 RedSeal Sold 50%+ For $60m This Year doing $50m in Revenues in CyberSecurity Space
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 2,600 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.